Financial watchdogLuxembourg banking sector registers results of 4.7 billion euros in first 3 quarters

RTL Today
The CSSF, Luxembourg's finance sector watchdog, said the banking sector had registered an increase of 21.4% compared to the same period in 2021.

Although the results look promising at first glance, when taking into account allocations to provisions caused mainly by developments related to the war in Ukraine, the net result shows a decrease of 13% in annual comparison.

In the same period, the interest margins increased by more than a third.

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